COMPLETE opening range break trading guide - Stocks + Options (Matt Diamond’s strat)

I dunno why you don't use a 5 minute chart to use ORB if you are wating a 4-5 candlestick range in 1 minute to start trading breakouts. I use ORB daily in a 5 minute chart and you get the same effect.

It seems like it would be Hoove one to automate a stop loss upon entry. I know Tradovate allows you to do this. I’m not sure if my TradingView/Tradovate combo would allow for this. Very interesting looks like it does work, but really, just have to see how the candles actually move in real time. May try this for a while with a nano to test it out.

Thank you for your insights and no-nonsense approach. You are honest and transparent...valued attributes online. Would these techniques be applicable to longer time frames like days or weeks? Thanks for all that you do for the investing community!

I did study NNFX and ICT and this is the easiest thing I ever saw

LETS GO LAMBO ONLY 30MIN A DAY

Great content!

Ten second trades? How is this possible? LoL. But really, these people you make fun of have some value in some of their advise.

One of the best vids I’ve watched in the last to years of day trading, thanks very very much man!!

Damn Tesla is kind of slow compared to NQ.

Are you selling courses?
Then you’re a fraud...

Is that how this all works?

Can you please make a forex tutorial?

❤

Your strategy will only work until it doesn’t. Your strategy will or has to change because of the dynamic nature of the markets.

there are many ORB strategies. everyone have their own.. too much hassle unless you can consistently predict the behavior of a stock.. i was following this lady who uses the ORB daily for a year and is profitable.. how much profitable varies from investor to investor.

In trading ORB I believe it's better to stick to just one or a few stocks so you get to know the behavior of the stock and option premiums. The variation in volatility gave me uncomfortably inconsistent p&l fluctuations when I was trying to play orb on a new stock every day. Not to mention switching back and forth between multiple tickers, only to miss the key breaks of technical levels causing me to fomo into a breakout at what would have been my exit and profit target if I were watching the whole story play out uninterrupted.

Probably thing keeping most ppl from beeing profitable is exiting bad trades in hope "it reverses this time"🙃

This is so weird! I just started trading literally a week a ago and i just figured this out. I guess I don't know completely nothing now. Yay

You are funny, in a funny way..😏

Here is a cool trick. Draw a rectangle around all the consecutive same coloured candles then treat that as one candle and do it again any same coloured candles get combined into one massive candle. Then basically read the chart as if they are massive engulfing candles. ProTip they are.

Thank you for the video, very informative, please keep them coming. Can you please share the link for the supply and demand video?! Thanks again

This is not a strategy I would trade, as you said, it can be very stressful, and tbh, I find using other technical chart patterns to be better regarding risk vs reward. BUT, to the opposite of what you said at the end about bad jokes, I find you very witty and appreciate your jokes. Thanks for adding to my joke library.

I've been hammering away at 1, 2, and 5 min ORB's for the past 2.5 years and overall, I'm profitable on the 5 ORBs. 1 min ORB's are extremely difficult for me and I find myself getting chopped up by price action too often. 2 Min are a bit easier, but 5 min is absolutely the sweet spot for me. This explanation video is actually a perfect facsimile for how I trade these setups. I love Matt Diamond's channel and have learned alot from it.

Liked due to good content. Subscribed due to snarkiness. I loved it

I wonder why traders don't just automate such strategies. Trading is a numbers game, if you can put your strategy rules on paper EXACTLY, with all the exceptions and details, then it can be automated. Let me know if you can define any of your (winning) strategies to the point. I can program anything, that can be defined.

how much does 1 contract cost?

Love your humor, sarcasm and insight. If you ever stop trading you should think about some kind of comedy gig.

Love your style of humor. Recently began working on developing this strategy for myself and happened across your channel looking for some coding.
Very funny. Very straightforward, to the point. Even an idiot, could probably understand. Well done.

Dude, it was clear as a bell. You should have shorted at the open of the red bar...after the green rose, then dropped down and turned red...Those were two shooting stars, Any two reversal bars is a strong set up. But it even got better. As I stated, the third bar sent up a green solid bar which then failed, turning into a third wick...Three top wicks. I call this pattern, a Trilogy, denoting the three bars and three overhead wicks That is a reversal pattern....the third bar is a large red bar, another reason to short. The second bar is red and is the confirmation bar. That is the reason the third red bar had NO wick on its opening. The market was very bearish due to the strong reversal pattern. Not surprised the third bar drove through support, and the mkt put in six red bars in a row before the first green bar, a tiny green bar showing the bulls were weak......Why not use two minute bar? I know a hedge fund trader and that is his choice...hes been trading for 40 years. I could continue my analysis but enough for now...Have studied TA for 20 years.

Great explanation. I like your humor too.
Liked and suscribed!

would this also work on crypto?

Am I the only one who wanted to know where to put a stop loss ?

can you make the chart screen consistantly dark mode.

can i pay you to mentor me?

Hey buddy, although I don’t trade this strategy, just wanted to tell you that you are one key factor that helped me to become consistently profitable, I benefited a lot from your videos when I started with futures and am now profitable with intuition strategy.

great vid .

You got a video on how to sell/buy puts / calls so fast. I get what you're saying, but how to actually buy and sell on the exchange? I don't know

Gambling

Sometimes I will sell 50% of my position on the 1st red candlestick and wait for the second.

If the next one is green I may let it ride until the next red candlestick comes and I’ll sell 25% more.

You HAVE to be DISCIPLINED! When the 2nd red candlestick appears (1 minute time frame):

YOU HAVE TO SELL!!!

Just like in a move in the candlesticks, this channel/ clip is confirmation I’m doing it right.

I have a large position TSLA at $285/ share, so in January I decided to start a separate trading account which in the last few days I discovered is a “scalping” account.

Scalping is the way to go.

EXACTLY as this clip suggests:

Wait for the range (5-10 minutes)

Enter on a good set-up/ resistance/ doji.

Get in. Get out.

I target 2.5%- 3.5% moves.

Tesla always has a $5-$12 range basically EVERY SINGLE DAY.

Profitable 3 months in a row. I’ve only had to sell 1x/ 1 day to buy the dip.

Stay disciplined.

DO NOT GET GREEDY!!!

And it’s easy!!!

As mentioned before, this fits Iman's trading style: super-scalping. This is wild.

Can we use this on forex

That's how u lose money in the mkt...learn trading from a person who prob just learned trading

cool! i feel wat you've shared.

Hey appreciate your honesty. I notice this video is a year old. A year later and after learning more, would you still say this is a viable strategy for profits in the long term?